Daily Caller
American Energy Firms Are Counting Down The Days Until Trump’s Return

From the Daily Caller News Foundation
By Ireland Owens
President-elect Donald Trump’s promise to “drill, baby, drill” in his upcoming administration appears to have American energy firms eagerly awaiting his return, according to a new survey.
On numerous occasions, Trump vowed to unleash American oil and made achieving “energy dominance” a key aspect of his next administration’s agenda. Responding to an anonymous survey conducted by the Dallas Federal Reserve, several energy executives said that they are optimistically awaiting the former president’s return to office, with many citing “positive regulatory changes” in their responses.
The survey noted a dramatic decline in its “outlook uncertainty index” with one respondent explaining, “The outcome of the 2024 presidential election removes the risk of the unknown.”
“There is more optimism looking at first quarter 2025 than first quarter 2024,” one respondent wrote. “Much of 2024 felt like a waiting game … We think the election results will be good for activity even if it’s just because operators and service companies have a clear direction for planning.”
“We are encouraged that the new administration in Washington, D.C., will enact some positive regulatory changes for offshore drilling in the U.S.,” another wrote.
President Joe Biden and Trump have had vastly different approaches to domestic energy policies, though one survey respondent claiming that the shifting political landscape is “helpful insofar as regulations,” considering Trump is likely to reduce the regulatory burden on oil firms. For this reason, many energy executives have in the past criticized Biden’s energy policy.
From his very first day in office, Biden has led a massive push to curb greenhouse gas emissions as part of his signature climate agenda. Biden introduced the Inflation Reduction Act in 2022, which unlocked hundreds of billions of dollars to subsidize various green energy projects. Trump has vowed to redirect unspent funding from the IRA, and previously dubbed the climate law “the green new scam.”
More recently, reports have surfaced claiming that Biden is considering a permanent ban on additional offshore drilling in some federal waters ahead of Trump’s return to office, potentially aiming to hamstring the incoming president’s energy plans.
“The recent election result is changing outlooks,” one respondent wrote. “The new administration will lift regulations, stop subsiding [subsidizing] green energy and seek LNG build-outs to place more demand on natural gas.”
While on the campaign trail ahead of the 2024 election, Trump pledged to revamp the U.S. energy sector, and repeatedly promised to “drill, baby drill” in a bid to increase domestic oil and gas production.
“We’re assuming that the new administration will encourage more development of oil and gas projects,” one survey respondent wrote.
In November, Trump nominated North Dakota Gov. Doug Burgum to head the Department of the Interior and Chairman of a new National Energy Council. The president-elect praised Burgum in a post on Truth Social, stating that he would play a key role in overseeing the “path to U.S. energy dominance.”
Additionally, Trump announced in November 2024 the nomination of Liberty Energy CEO Chris Wright to lead the Department of Energy and as a member of the new energy council. The president-elect said in a Truth Social post that Wright is a “bold advocate who brings rational thought to the energy dialogue.”
The Dallas Federal Reserve’s survey data was collected from Dec. 11–19, and included 134 energy firm respondents.
Business
Feds Spent Roughly $1 Billion To Conduct Survey That Could’ve Been Done For $10,000, Musk Says

From the Daily Caller News Foundation
By Hailey Gomez
The Department of Government Efficiency’s (DOGE’s) Elon Musk said Thursday on Fox News that the group found the federal government spent almost $1 billion on a survey that could’ve only cost thousands.
Following President Donald Trump entering office in January, his administration pushed for Musk and DOGE to comb through the government’s spending and identify potential cuts to save taxpayer dollars. On “Special Report with Bret Baier,” the Fox News host sat with Musk and his DOGE team and asked the billionaire what has been the most “astonishing thing” he’s witnessed so far in this process.
“The sheer amount of waste and fraud in the government,” Musk said. “It is astonishing. It’s mind-blowing. We routinely encounter waste of a billion dollars or more, casually.”
“For example, like the simple survey that was literally [a] 10 questions survey. You could do it with SurveyMonkey, [which] would cost about $10,000. The government was being charged almost a billion dollars for that,” Musk added.
WATCH:
Baier could be seen interrupting Musk as he sounded astonished, later asking, “For just a survey?”
Musk responded and said the survey was essentially pointless as it had no “feedback loop.”
“A billion dollars for a simple online survey — ‘Do you like the National Park?,’ and then there appeared to be no feedback loop for what would be done with that survey,” Musk said. “So the survey would just go into nothing. It was insane.”
In February, Democrats’ opposition to Musk’s and DOGE’s place in the Trump administration began to ramp up after the billionaire announced during an X discussion that he and the president had agreed to upend the U.S. Agency for International Development (USAID). Musk warned the agency was wasting billions of taxpayer dollars.
Some of the programs funded through USAID had not only attempted to advance a radical leftist agenda worldwide, but some had a high risk of landing in the Taliban’s hands and also aiding an organization linked to the Wuhan Institute of Virology.
Baier told Musk how he and DOGE technically had 130 days as a “special government employee,” asking if he believes he will be able to complete his task in the time frame allotted.
“I think we will have accomplished most of the work required to reduce the deficit by a trillion dollars within that time frame,” Musk said.
“We are cutting the waste and fraud in real time. So every day like that passes, our goal is to reduce the waste and fraud by $4 billion a day, every day, seven days a week. So far we are succeeding,” Musk added.
Business
Trump Reportedly Shuts Off Flow Of Taxpayer Dollars Into World Trade Organization

From the Daily Caller News Foundation
By Thomas English
The Trump administration has reportedly suspended financial contributions to the World Trade Organization (WTO) as of Thursday.
The decision comes as part of a broader shift by President Donald Trump to distance the U.S. from international institutions perceived to undermine American sovereignty or misallocate taxpayer dollars. U.S. funding for both 2024 and 2025 has been halted, amounting to roughly 11% of the WTO’s annual operating budget, with the organization’s total 2024 budget amounting to roughly $232 million, according to Reuters.
“Why is it that China, for decades, and with a population much bigger than ours, is paying a tiny fraction of [dollars] to The World Health Organization, The United Nations and, worst of all, The World Trade Organization, where they are considered a so-called ‘developing country’ and are therefore given massive advantages over The United States, and everyone else?” Trump wrote in May 2020.
The president has long criticized the WTO for what he sees as judicial overreach and systemic bias against the U.S. in trade disputes. Trump previously paralyzed the organization’s top appeals body in 2019 by blocking judicial appointments, rendering the WTO’s core dispute resolution mechanism largely inoperative.
But a major sticking point continues to be China’s continued classification as a “developing country” at the WTO — a designation that entitles Beijing to a host of special trade and financial privileges. Despite being the world’s second-largest economy, China receives extended compliance timelines, reduced dues and billions in World Bank loans usually reserved for poorer nations.
The Wilson Center, an international affairs-oriented think tank, previously slammed the status as an outdated loophole benefitting an economic superpower at the expense of developed democracies. The Trump administration echoed this criticism behind closed doors during WTO budget meetings in early March, according to Reuters.
The U.S. is reportedly not withdrawing from the WTO outright, but the funding freeze is likely to trigger diplomatic and economic groaning. WTO rules allow for punitive measures against non-paying member states, though the body’s weakened legal apparatus may limit enforcement capacity.
Trump has already withdrawn from the World Health Organization, slashed funds to the United Nations and signaled a potential exit from other global bodies he deems “unfair” to U.S. interests.
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